Belie [ bleep ]. More of his reaction straight ahead. We start off with the tech wreck, the nasdaq dropping for the fifth time in six sessions, down more than 10 from its record the index closing the week with its wbiggest loss since march apple, facebook, all the big names tumbling this week is this an ominous sign for the market jeff mills, what do you say . I think in the near term that it probably is ultimately, i dont think this is the rotation weve all been waiting for. Near term, i do think there is more room to the downside. I think just focusing on the technicals right now is important, because these things clearly arent trading on fundamentals it looks like a lot of these stocks have breached that level. I do think theres more room to go this is what happens when share prices move in this way. Its this gain theory approach where people are buying these stocks because they think other people are biuying these stocks i pointed this out on twitter earlier in the week. Even after
Day. It is definitely a top heavy move. You see it up 0. 8 . The equal weighted up too. Nasdaq up by a full percent. Alphabet as mentioned popping this morning. It is now up about 4. 3 and the biggest upside contributor. Apple is ahead as well, 1. 4 on reports that apple might use googles zoo a. I. Capabilities in the iphone. Crude up another the high since halloween. It leads to the talk of the tape. Based on a goldilocks economy, a. I. Excitement and prospect of an easier fed, is the playbook changing . Lets ask adam parker, Research Founder and ceo at a cnbc contributor so. Adam, yeah, those have been the narrative threads that worked pretty well. Almost no pullbacks. Some pockets in the market in the last couple of weeks and things have cooled off but not fallen apart. Where does that leave us . I think the bull case is still intact, right . If the average company can have gross Margin Expansion and if i start thinking earnings will be up for the next few years well be ahead 25 ver
Newtown, connecticut. Our words can do little to ease your pain. But you know this. We are with you in this incredibly difficult time. And recognize that you are who we are thinking about, even as we try to focus on our work today. So as for the markets, it was another weak day. Dow dipped 36 points. S p gave up. 41 . Nasdaq declined. 70. A lot of that again because of apple. You know the drill as we head into the weekend. Im not expecting to hear any progress on the fiscal cliff. But you know, i always watch the sunday morning talk shows now very closely and im looking for some politicians saying something encouraging. What does encouraging mean . It means a republican uttering the two words tax increase without the word no before it. And the democrats uttering two words, spending cuts, without the word no before them. Neither seems to be able to pull off that syntax, though. At this point i think weve got to assume that the washington people, they cant get it together. Weve got to gi
Our words can do little to ease your pain. But you know this. We are with you in this incredible difficult time. And recognize that you are who we are thinking about, even as we try to focus on our work today. So as for the markets, it was another weak day. Dow dipped 36 points. S p gave up. 41 . Nasdaq declined. 70. A lot of that again because of apple. You know the drill as we head into the weekend. Im not expecting to hear any progress on the fiscal cliff. But you know, i always watch the sunday morning talk shows now very closely and im looking for some politicians saying something encouraging. What does encouraging mean . It means a republican uttering the two words tax increase without the word no before it. And the democrats uttering two words, spending cuts, without the word no before them. Neither seems to be able to pull off that syntax, though. At this point i think weve got to assume that the washington people, they cant get it together. Weve got to gird ourselves for a cli
Prayers that everyone affected by this terrible tragedy in newtown, connecticut. Our words can do little to ease your pain. But you know this. We are with you in this incredible difficult time. And recognize that you are who we are thinking about, even as we try to focus on our work today. So as for the markets, it was another weak day. Dow dipped 36 points. S p gave up. 41 . Nasdaq declined. 70. A lot of that again because of apple. You know the drill as we head into the weekend. Im not expecting to hear any progress on the fiscal cliff. But you know, i always watch the sunday morning talk shows now very closely and im looking for some politicians saying something encouraging. What does encouraging mean . It means a republican uttering the two words tax increase without the word no before it. And the democrats uttering two words, spending cuts, without the word no before them. Neither seems to be able to pull off that syntax, though. At this point i think weve got to assume that the w